Northrop Received its Third Buy in a Row

After Jefferies and Deutsche Bank assigned a Buy rating to Northrop in the last month, the company received another Buy, this time from Barclays. Analyst Carter Copeland upgraded Northrop (NYSE: NOC) to Buy today and set a price target of $270. The company’s shares closed yesterday at $242.30, close to its 52-week high of $249.98.

According to TipRanks.com, Copeland is a 5-star analyst with an average return of 11.4% and a 72.3% success rate. Copeland covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., General Dynamics Corp., and Lockheed Martin Corp.

Currently, the analyst consensus on Northrop is Strong Buy and the average price target is $255.25, representing a 5.3% upside.

In a report issued on October 27, Jefferies also reiterated a Buy rating on the stock with a $260 price target.

Northrop’s market cap is currently $42.83B and has a P/E ratio of 20.67. The company has a book value ratio of 7.4276.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Mark Caylor, the Corp VP & Pres ES & CSO of NOC sold 5,466 shares for a total of $1,193,064.